Solana Retests Bearish Breakout Zone $65 Target Still In Play?

Solana is trading above the $125 level after bulls stepped in and reclaimed key levels, sparking optimism across the market. After enduring weeks of massive selling pressure, this recovery marks the first sign of strength from buyers since early March. Still, not all analysts are convinced this marks the beginning of a sustainable rally. While momentum appears to be shifting in Solanas favor, some see this move as a possible bearish setup rather than a reversal. Related Reading: Ethereum Metrics Reveal Critical Support Level Can Buyers Step In? Top crypto analyst Ali Martinez shared a cautionary view on X, suggesting that Solana might be retesting the breakout zone from a right-angled ascending broadening pattern a structure that often precedes sharp declines. According to his analysis, if Solana fails to hold current support levels, prices below $80 could come back into play. This aligns with broader macro concerns, as global trade tensions and volatile risk markets continue to pressure crypto valuations. With both bullish enthusiasm and bearish warnings in the air, Solanas price action in the coming days could determine whether this is a genuine recovery or a setup for a deeper correction. Eyes are now on how SOL behaves around $125 in the short term. Solana Faces a Pivotal Test as Global Risks Rise Solana is at a crucial juncture as bulls attempt to hold the $125 level and regain momentum after weeks of aggressive selling pressure. While the recent bounce has offered short-term relief, the broader market environment remains highly unstable, making this recovery fragile. Macroeconomic uncertainty, paired with growing trade war fears, continues to weigh heavily on risk assets like Solana. The erratic tone set by US President Donald Trump, including unpredictable tariff policies targeting China and other global partners, has introduced renewed volatility across financial markets. These macro headwinds are colliding with technical pressure in Solanas chart. Martinez shared a bearish scenario, noting that Solana could be retesting the breakout zone from a right-angled ascending broadening pattern. Historically, this pattern often signals the potential for sharp reversals. According to Martinez, if Solana fails to hold above key support, the price could plunge toward $65 a level not seen since late 2023. The $125 zone now acts as a make-or-break level for bulls. Reclaiming higher resistance at $135$145 would be necessary to shift sentiment and spark a full recovery rally. However, failure to hold current levels could result in a steep decline as panic returns to the market. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours Smart Money Or Bull Trap? SOL Price Faces Key Resistance After $136 Rejection Solana (SOL) is currently trading at $125 after facing a clean rejection at the $136 resistance level earlier this week. The failure to break through this short-term ceiling has paused the bullish momentum, placing bulls in a vulnerable position as they try to defend recent gains. To regain control and signal a clear reversal, SOL must reclaim the $136 level with conviction and continue climbing toward the $150 mark a zone that aligns with key daily resistance and short-term liquidity. Reclaiming both levels would signal strong market confidence and could set the stage for a sustained rally, possibly retesting April highs. However, without that upside push, the risk of deeper downside grows. Market volatility remains high, fueled by global macroeconomic tensions and uncertainty around US-China trade developments. These factors are still weighing heavily on sentiment, particularly among altcoins like Solana. Related Reading: XRP Tests Ascending Triangle Resistance Can Bulls Reach $2.40 Level? If SOL continues to struggle below $136 and fails to attract enough buying pressure, a breakdown toward the $100 mark becomes increasingly likely. That level has previously served as a psychological support zone and could attract renewed interest but only if broader market conditions stabilize. For now, SOL remains in a delicate, high-stakes trading zone. Featured image from Dall-E, chart from TradingView

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Solana Whale Makes Massive 1,000,000 SOL Deposit To Binance, Bearish Sign?

On-chain data shows a Solana whale has just moved a massive SOL stack to Binance, which could prove to be bearish for the assets price. Solana Whale Has Deposited 1 Million SOL To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, several large SOL transactions have occurred on the blockchain [...]

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XRP, SOL Among Coins With Red Sentiment, Time To Buy Against Crowd?

Data shows various cryptocurrencies like XRP and Solana are currently witnessing bearish majority sentiment on social media platforms. XRP, SOL, And Other Assets Are Sharing A Red Mentality Currently According to data from the analytics firm Santiment, a notable bearish sentiment has emerged among cryptocurrency traders during the past week. The relevant indicator is the “Weighted Sentiment,” based on two other metrics: the Sentiment Balance and Social Volume. The Sentiment Balance keeps track of the net sentiment present among users on the major social media platforms. The metric calculates this score by reviewing social media posts and applying a machine-learning model to filter for positive and negative sentiments. Related Reading: Dogecoin Trounced: Chainlinks 34% Jump Kicks DOGE Out Of Top 10 List Once the indicator has found the scores for these bullish and bearish sentiments, it takes their difference to give the average or net sentiment present among the traders. The other relevance metric here, the Social Volume, tells us about the amount of discussion related to any topic or term on social media platforms. The Weighted Sentiment takes the Sentiment Balance and then weighs it against this Social Volume. This means that the indicator’s value only spikes (in either direction) when not only is there some notable imbalance present in the market (that is, the net sentiment has a significant value), but the volume of social media discussion about these sentiments is also high. This fact makes the Weighted Sentiment more reliable than the Sentiment Balance, as it can provide a better picture of the trend among the traders as a whole (since the Social Volume would only spike when there are many users involved in discussions). Now, here is a chart that shows the trend in the Weighted Sentiment for six different cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), BNB (BNB), XRP (XRP), Cardano (ADA), and Solana (SOL). The value of the metric appears to be negative for all of these assets right now | Source: Santiment on X As displayed in the above graph, these assets have had a negative Weighted Sentiment recently, suggesting that bearish sentiment has dominated social media users. More specifically, the indicator is around -0.36 for XRP, while it’s about -0.64 for Solana. Historically, cryptocurrency markets have been more likely to move in the direction opposite to what the crowd is expecting. As such, price rebounds become more probable the more negative the sentiment gets, while tops can occur when the traders share a highly bullish mentality. Followers of contrarian investing exploit this to time their buying and selling moves. Warren Buffet’s famous quote sums up this idea, “be fearful when others are greedy, and greedy when others are fearful.” Related Reading: Bitcoin CDD Shows Bullish Breakout, Rally Returning In Full Flow? Given the red sentiment XRP and others are witnessing, a contrarian trader might think it is the right time to buy into these cryptocurrencies. XRP Price XRP had attempted recovery earlier, but the move appears to have failed as the asset has returned under the $0.50 level. Looks like the price of XRP hasn't moved much recently | Source: XRPUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com, Santiment.net

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Solana Will Drop To $211 If It Fails To Break Key Resistance Level Analyst

Solana (SOL) is facing severe selling pressure as it tests key demand levels, with bears gaining control after a failed breakout above all-time highs. The price has struggled to maintain momentum, and investors are now watching for critical support levels that could determine Solanas next move. Related Reading: Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure What This Means After an explosive rally earlier this year, SOL is now at risk of breaking lower as market sentiment turns uncertain. Top analyst Carl Runefelt shared a technical analysis on X, revealing that Solana might retest a horizontal resistance if it breaks down a bearish flag pattern. This key level will be crucial in determining whether SOL can hold its ground or if it will be dragged into a deeper correction. If the bearish flag confirms a breakdown, SOL could drop to test lower demand zones, leading to further downside pressure. However, if bulls manage to reclaim key resistance levels, a potential recovery could be on the table. The coming days will be critical for Solana as traders look for signs of a trend reversal or continued bearish momentum. Solana Enters A Critical Phase Solana is at a crucial phase, with the next few days set to define whether it will continue its downtrend or establish a structural price change. After failing to sustain its bullish momentum above all-time highs, bears have taken control, pushing SOL into key demand levels. The price has now dropped to $220, and analysts are warning that lower levels may come in the following weeks. Top analyst Carl Runefelt shared a technical analysis on X, highlighting that Solana might retest horizontal resistance around $222 if it breaks down a daily bearish flag. If this bearish pattern plays out, SOL could drop even further to test the $211 level, a major demand zone that will likely decide the trends fate. However, if bulls manage to defend current levels, a push above supply zones could lead to a price recovery. The first step for a reversal would be breaking back above $222 and reclaiming it as support. If that happens, Solana could regain strength and challenge higher resistance levels in the coming weeks. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart Breakout Target Set At $56 The coming days will be decisive, as SOL stands at a turning point between a deeper correction or the beginning of a recovery phase. Price Struggles Below Key Level Solana is trading at $216 after losing the critical $220 demand level, a major support that bulls needed to hold. Now, bears are in control, and every moment SOL spends below this level increases the risk of further downside. If the price fails to recover quickly, the next significant demand zone to test will be around $200, a level that could determine whether SOL continues its correction or finds a strong bounce. However, bulls are not out of the game yet. If SOL manages to reclaim $220 as support, it could invalidate the bearish breakdown and set up for a potential trend reversal. A strong move above this level would indicate renewed buying pressure and could allow Solana to challenge higher resistance zones in the coming days. Related Reading: Chainlink Could Target $30 Once It Breaks Bullish Pattern Top Analyst For now, SOL remains in a fragile position, and traders should closely watch price action around $220 and $200. A continued downtrend below $200 would confirm a deeper correction, while a swift recovery above $220 could reignite bullish momentum. The next few sessions will be crucial in determining Solanas short-term direction. Featured image from Dall-E, chart from TradingView

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Solana In Serious Danger If $137 Support Breaks Analyst Shares Targets

Solana is trading above a crucial support level at $137 after experiencing a 17% correction from local highs around $160. This recent dip has left analysts and investors on edge, awaiting confirmation of the next price direction.  Just last week, sentiment was strongly bullish, but the current market atmosphere is filled with fear and uncertainty. One notable analyst, Carl Runefelt, has shared a chart highlighting the risk of Solana losing its key support level, which could lead to further downside. Related Reading: Can SUI Break Past $2 Resistance? On-Chain Metrics Reveal Growing Demand The entire crypto market is grappling with high volatility, amplifying uncertainty. This has led to growing fear among investors, many concerned about the potential for deeper corrections. While Solana showed strong momentum recently, the present market conditions have dampened optimism, leaving traders anxious for a clear signal that could reignite confidence.  As Solana continues to hover near this critical support level, the coming days will be pivotal in determining whether it can regain its bullish momentum or if further declines are on the horizon. Solana Testing Crucial Demand Levels Solana is at a critical juncture, as its price action has shifted from bullish to bearish in just a few days. Bulls are now proceeding with caution, especially below the $140 mark, which represents a key structural level.  The $137 support level is crucial, as it could be Solanas last defense against a further drop. Top crypto analyst Carl Runefelt recently shared a technical analysis on X, highlighting the precarious situation Solana finds itself in. According to Runefelt, Solana could see a sharp drop to $128 if this support level breaks, extending the current consolidation phase. In addition to the risk of a breakdown, Runefelt also pointed to key resistance levels that bulls need to target if Solana is to regain its upward momentum. The most important levels to watch are the $150 and $160 supply zones.  A break above these zones would be necessary to confirm a reversal into a bullish trend. Until then, the price action remains uncertain, and investors are closely monitoring these critical support and resistance levels. Related Reading: Ethereum At Risk Of Further Decline: Top Investor Sets $2,150 Target If Support Breaks The current market volatility and the threat of further declines are causing hesitation among traders. Solana’s ability to hold its support or break through resistance will determine its next move. SOL Technical Analysis: Prices To Watch Solana (SOL) is trading at $139 after a correction from local highs that haven’t been broken since July. The price faces significant resistance as it struggles to reclaim the 4-hour 200 moving average (MA) at $139.9, a critical strength indicator. For bulls to regain momentum, holding above this level is essential. Additionally, the price must reclaim the 4-hour 200 exponential moving average (EMA) at $144.3 to confirm a bullish reversal and signal a potential recovery. However, the market may see further downside pressure if Solana fails to surpass these crucial technical levels. A deeper correction could lower the price to $120, a key demand zone that could serve as a new level of support. This would extend the current consolidation phase and put more downward pressure on Solana’s price. Related Reading: Cardano (ADA) Faces Risk Of 30% Drop On-Chain Metrics Confirm A Slow Demand Investors are watching closely as SOL navigates this critical range, with both bulls and bears waiting for a decisive move in either direction. Featured image from Dall-E, chart from TradingView

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Solanas Bearish Trend: Should Traders Cancel Shorts As Volume Declines?

The trading volume drop of Solana is now causing some concerns among the traders.In a recent X post, Alan Santana maps the current volumes against those from 2023, leading to a potential change in Solanas price path. However, while Bitcoin is having a good time, SOL market indicators look more like a bearish picture, with […]

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Solana Consolidates In A Bullish Pattern A Breakout Could Spark A 40% Move

Solana (SOL) finds itself at a critical juncture as the broader crypto market weathers a bearish consolidation phase. Since January 6, Solana has shed over 20% of its value, with losses extending to more than 33% since late November, reflecting the challenging conditions across the sector. Related Reading: XRP Scores A Lower High Break On Daily ATH Next? This downturn has placed Solana under the spotlight as both investors and analysts closely monitor its next move. Top analyst Ali Martinez recently shared a technical analysis on X, revealing that Solana is currently consolidating within a symmetrical triangle patterna formation often seen during periods of indecision in the market. This pattern suggests that Solana could either break out and recover or break down and continue its descent, depending on upcoming market catalysts. A decisive move for Solana could set the tone for the weeks ahead. While the bearish sentiment weighs heavily on the market, Solanas position as a leading altcoin keeps it in focus for investors seeking potential opportunities. All eyes are now on the symmetrical triangle as traders prepare for the volatility that a breakout or breakdown could bring. Will Solana regain its momentum, or is further downside in store? Solana Faces Critical Consolidation As Market Awaits Next Move Solana, often hailed as a market leader since 2023, has faced significant headwinds in recent weeks. The altcoin has struggled to maintain crucial support levels, with consistent losses placing it in a precarious position. Once a beacon of strength, Solana now finds itself grappling with bearish sentiment, testing investor patience and market resilience. Top analyst Ali Martinez shared a technical analysis on X, revealing that Solana is consolidating within a symmetrical trianglea formation known for signaling potential volatility. According to Martinez, a breakout above $214 or a breakdown below $183 could trigger a 40% move in either direction, making this a critical moment for SOL. With the price currently hovering below the bearish target, a close below todays levels could confirm a further correction and send Solana spiraling toward lower support zones. Despite these challenges, not all hope is lost. Solanas robust fundamentals and its historical ability to recover could pave the way for a quick bounce or a period of sideways consolidation. A reversal in market sentiment, driven by macro or ecosystem-specific catalysts, could propel Solana back into bullish territory. However, the path forward depends heavily on how SOL navigates the current triangle formation. Related Reading: Whales Buy 470 Million Dogecoin In 48 Hours As Price Tests Crucial Demand Level Details As investors brace for potential volatility, the coming days will likely determine whether Solana can reclaim its leadership status or succumb to further selling pressure. A decisive move is imminent, and market participants are keeping a close eye on these critical price levels. Will Solana defy the bears and stage a recovery, or is a deeper correction on the horizon? The next steps will define Solanas trajectory in this uncertain market climate. SOL Tests Key Demand Level  Solana is currently trading at $177, testing the critical support provided by the daily 200 exponential moving average (EMA). This level has historically served as a stronghold for bullish reversals, making it a pivotal area for SOL to defend in the face of broader market declines. The ongoing market downturn has placed significant pressure on Solana, highlighting the importance of maintaining the $175 level. If the price can stabilize and hold above this mark, it may signal a potential rebound or at least a pause in the bearish momentum. However, failing to secure support here could result in further downside, with the next significant support zone around $155. Market participants are closely monitoring these levels as Solana navigates this critical phase. The daily close will be crucial in determining whether SOL can maintain its structure and build a foundation for recovery or if it risks deeper corrections. A breakdown below the $175 mark would likely intensify selling pressure, potentially triggering additional losses as the market searches for equilibrium. Related Reading: Chainlink Forms A Daily Bullish Pattern Top Analyst Eyes Breakout To $30 For now, the $175-$177 range remains a decisive battleground, with bulls aiming to prevent a drop below this level while eyeing a potential recovery from these crucial supports. Featured image from Dall-E, chart from TradingView

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Solana (SOL) Notches 16% Gains On Weekly Chart, Will It Cross $20?

Solana (SOL) has recorded progressive gains in the past week, with its 7-day high at 15.95%. It is currently trading at $18.73 today with slight gains on its price. Although SOL is still 92.61% below its all-time high value of $260, its recent gains in the past week have pushed its price closer to the $20 price level.  SOL Price Outlook This Week Suggests A Bearish Trend SOL is in a sideways trend this week, following positive price action in the last two weeks. It has formed a small red candle on the weekly chart implying that the bears are active this week. Also, SOL is still trading in the lower region of the Donchian Channel (DC), expressing a bearish sentiment. Related Reading: Bitcoin Humpback Wallets Reach ATH, Is BlackRock Behind The Surge? Its Relative Strength Index (RSI) is at 45.60 in the neutral zone between the oversold region of 30 and the overbought region of 70. The RSI indicator reflects the sideways trend this week. SOL’s Moving Average Convergence/Divergence (MACD) is slightly above its signal line and shows convergence which is a bearish signal.  Although the MACD displays a negative value, the Histogram bars are green, signaling a bullish recovery ahead. So if the bulls prevail, SOL will likely move to an uptrend in the coming weeks.  SOL’s Key Support And Resistance Levels SOL is trading at $18.73 after it found critical support at the $15.43 price level weeks ago. This puts the altcoin close to the $19.48 resistance level. A break above the $19.48 resistance level will help to boost its price to reclaim the $20 psychological resistance level. If this happens, SOL will likely rally to the $21.81 resistance level after breaking above $20. However, a price decline below $18 in the short term remains possible due to its bearish outlook on the weekly chart.  Factors Influencing Solana’s Price There are several factors right now that could influence the SOL’s price. These factors include macroeconomic factors such as inflation and crypto regulation in several areas. Also, utility and adoption are vital factors alongside recent trends and developments in the ecosystem.  Another trend in SOL’s ecosystem likely influencing its price action this week is its decentralized exchange (DEX) volume. According to a report from the on-chain analytic platform DefiLlama, Solana’s weekly DEX volume increased to see it rank fifth on the list at press time.  Related Reading: Lido (LDO) Sustains Weekly Run With 16% Gain – What Fuels It? SOL’s DEX volume surged by 84%, and its 24-hour volume rose above $38 million. This increase will likely help to boost its price action in the coming week. However, despite an increase in its total DEX volume, its Total Value Locked (TVL) is stagnant. DefiLlama shows that SOL’s TVL has been stagnant since its decline in November 2022 following the collapse of FTX. The TVL is currently sitting at $273.26 million, with no notable increase in value despite slight gains in SOL’s price on the daily chart. Featured image from Pixabay and chart from TradingView.com

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